Swedbank AB Decreases Stock Holdings in UFP Technologies, Inc. (NASDAQ:UFPT)

Swedbank AB lowered its stake in UFP Technologies, Inc. (NASDAQ:UFPT) by 14.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 60,000 shares of the industrial products company’s stock after selling 10,000 shares during the quarter. Swedbank AB owned 0.78% of UFP Technologies worth $19,002,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in UFPT. Congress Asset Management Co. grew its stake in shares of UFP Technologies by 0.4% during the 3rd quarter. Congress Asset Management Co. now owns 246,303 shares of the industrial products company’s stock valued at $78,004,000 after purchasing an additional 986 shares during the period. Massachusetts Financial Services Co. MA grew its position in UFP Technologies by 2.6% during the second quarter. Massachusetts Financial Services Co. MA now owns 105,118 shares of the industrial products company’s stock valued at $27,737,000 after buying an additional 2,699 shares during the period. Mountain Pacific Investment Advisers LLC increased its holdings in UFP Technologies by 0.3% during the third quarter. Mountain Pacific Investment Advisers LLC now owns 92,976 shares of the industrial products company’s stock valued at $29,445,000 after buying an additional 238 shares during the last quarter. Geneva Capital Management LLC raised its position in UFP Technologies by 0.3% in the third quarter. Geneva Capital Management LLC now owns 80,362 shares of the industrial products company’s stock worth $25,450,000 after acquiring an additional 243 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of UFP Technologies by 4.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 67,099 shares of the industrial products company’s stock worth $21,250,000 after acquiring an additional 2,842 shares during the last quarter. Institutional investors own 87.28% of the company’s stock.

UFP Technologies Trading Down 1.1 %

NASDAQ:UFPT opened at $310.95 on Wednesday. UFP Technologies, Inc. has a one year low of $152.43 and a one year high of $366.41. The business has a fifty day moving average price of $308.34 and a 200-day moving average price of $298.25. The firm has a market capitalization of $2.39 billion, a price-to-earnings ratio of 44.36 and a beta of 0.96. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.57 and a quick ratio of 1.43.

Insiders Place Their Bets

In related news, CEO R Jeffrey Bailly sold 12,533 shares of UFP Technologies stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $346.46, for a total transaction of $4,342,183.18. Following the transaction, the chief executive officer now owns 31,194 shares in the company, valued at approximately $10,807,473.24. The trade was a 28.66 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Cynthia L. Feldmann sold 647 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of $352.30, for a total value of $227,938.10. Following the completion of the sale, the director now owns 4,049 shares of the company’s stock, valued at $1,426,462.70. The trade was a 13.78 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 13,326 shares of company stock worth $4,620,154 over the last quarter. 6.17% of the stock is currently owned by corporate insiders.

About UFP Technologies

UFP Technologies, Inc designs and manufactures solutions for medical devices, sterile packaging, and other highly engineered custom products. The company offers protective drapes for robotic surgery, single patient use surfaces, advanced wound care, infection prevention, disposables for surgical and endoscopic procedures, packaging for medical devices, orthopedic implants, biopharma drug manufacturing, and coils for catheters; and molded components for applications in acoustic insulation, interior trim, load floors, sunshades, SUV cargo cover handles, driveshaft damping, engine and manifold covers, quarter panels, and wheel liners.